Eligible Loan Amount definition
Eligible Loan Amount means, with respect to a Mortgage Loan that is an Eligible Loan, the lesser of: (i) the Principal Balance of such Eligible Loan, (ii) the Market Value of such Eligible Loan (iii) 80% of the Mortgaged Property Valuation of such Eligible Loan and (iv) solely with respect to an Eligible Loan that is an Investor Bridge Loan, 75% of an amount equal to the sum of (A) the Mortgaged Property Valuation of such Eligible Loan plus (B) any Capital Expenditures made with respect to such Eligible Loan since the most recent Current Appraisal Date; provided, however, that if, as of any date of determination, any Concentration Limit shall not have been satisfied, then the Eligible Loan Amount of one or more Eligible Loans shall be reduced, in an amount determined by the applicable Seller to the extent necessary so that all Concentration Limits shall be satisfied as of such date of determination; provided, further, that for each Mortgage Loan that is not an Eligible Loan, the Eligible Loan Amount shall be $0.
Eligible Loan Amount means the lesser of (i) $9,500,000 or (ii) 33% of the net assets of the applicable Borrower or Portfolio.
Eligible Loan Amount means, with respect to a Mortgage Loan that is an Eligible Loan, the Asset Value of such Eligible Loan; provided, however, that if, as of any date of determination after the Ramp-up Period, any Concentration Limit shall have been exceeded, then the Eligible Loan Amount of one or more Eligible Loans shall be reduced, in an amount determined by the Buyer, to the extent necessary so that no Concentration Limits shall have been exceeded as of such date of determination; provided, further, that for each Mortgage Loan that is not an Eligible Loan, the Eligible Loan Amount shall be $0; provided, further, that if a Purchased Loan causes the Concentration Limit with respect to High LTV Mortgage Loans to be exceeded and the Buyer permits such excess in its sole discretion, the Eligible Loan Amount of such Purchased Loans in excess of the Concentration Limits shall be reduced by 50.0%. “Environmental Law” shall mean any present or future federal, state or local law, statute, regulation or ordinance, any judicial or administrative order or judgment thereunder, pertaining to health, industrial hygiene, hazardous substances or the environment, including, but not limited to, each of the following, as enacted as of the date hereof or as hereafter amended: the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601 et seq.; the Resource Conservation and Recovery Act of 1976, 42 U.S.C. §§ 6901 et seq.; the Toxic Substance Control Act, 15 U.S.C. §§ 2601 et seq.; the Water Pollution Control Act (also known as the Clean Water Act, 22 U.S.C. §§ 1251 et seq.), the Clean Air Act, 42 U.S.C. §§ 7401 et seq. and the Hazardous Materials Transportation Act, 49 U.S.C. §§ 1801 et seq. “Equity Interests” shall mean any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests, limited liability company interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing. “ERISA” shall mean the United States Employee Retirement Income Security Act of 1974, as amended. “ERISA Affiliate” shall mean any person (as defined in Section 3(9) of ERISA) that together with the Seller, Guarantor, or any Subsidiary thereof is a member of the same “controlled group” or treated as a single employer within...
Examples of Eligible Loan Amount in a sentence
The amount of financing an Applicant can receive from NYSERDA is limited to 50% of the Eligible Loan Amount, up to a maximum of $50,000.
Lenders may combine non-energy project funding for their portion of the Participation Loan, as requested by the Applicant, with the Eligible Loan Amount.
The interest rate charged by the Lender on the remaining portion of the Eligible Loan Amount, resulting in a blended, below-market interest rate being charged to the Applicant.
The amount of financing an Applicant will receive from NYSERDA, limited to 50% of the Eligible Loan Amount, up to a maximum of $50,000, at 0.0% interest.
More Definitions of Eligible Loan Amount
Eligible Loan Amount means the Bank Loan amount of four hundred million (USD 400,000,000) netted of any amounts disbursed for the financing of Prior Results (as defined in sub-paragraph (d) below);
Eligible Loan Amount means, with respect to a Mortgage Loan that is an Eligible Loan, the lesser of: (i) the Principal Balance of such Eligible Loan, (ii) the Market Value of such Eligible Loan (iii) 80% of the Mortgaged Property Valuation of such Eligible Loan and (iv) solely with respect to an Eligible Loan that is an Investor Bridge Loan, 75% of an amount equal to the sum of (A) the Mortgaged Property Valuation of such Eligible Loan plus (B) any Capital Expenditures made with respect to such Eligible Loan since the most recent Current Appraisal Date; provided , however, that if, as of any date of determination, any Concentration Limit shall not have been satisfied, then the Eligible Loan Amount of one or more Eligible Loans shall be reduced, in an amount determined by the applicable Seller to the extent necessary so that all Concentration Limits shall be satisfied as of such date of determination; provided , further , that for each Mortgage Loan that is not an Eligible Loan, the Eligible Loan Amount shall be $0.
Eligible Loan Amount means Eligible Project Costs.
Eligible Loan Amount means the Bank Loan amount of four hundred million (US$400 million) netted of any amounts disbursed for the financing of Prior Results (as defined in sub-paragraph